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Business News

Location American Business News for 9 May 2025
Within 48 Hours, 2 US States Enact Strategic Bitcoin Reserve Legislation Bitcoin surges into state-level finance as two U.S. states legalize strategic bitcoin reserves within 48 hours, signaling unstoppable bipartisan momentum and a new financial era. Bitcoin Breaks Through Politics: Two Stat...
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SEC Officially Files Settlement Agreement With Ripple Over XRP--Lawyer Outlines Next Court Moves The SEC has finally filed its long-awaited settlement agreement with Ripple, signaling a pivotal moment that could unleash XRP's momentum and reshape crypto regulation forever. SEC and Ripple File Final Settlement in XRP...
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News Corp quarterly profit more than doubles, revenue climbs to beat Wall Street expectations News Corp CEO Robert Thomson touted the company's "sustained strength" and "strategic transformation" for lifting profits 67% in the quarter.
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The U.S. economy might be able to handle any disruption from Trump's tariffs more easily than Wall Street expects Lately, Wall Street economic commentary has been replete with ominous warnings. President Donald Trump's tariffs are bound to cause an economic downturn, or perhaps even a recession.
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OpenAI's $3B Windsurf buy puts it on defense as Google & Anthropic surge in AI-powered coding--discover the stakes for agentic development and enterprise teams.
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Empty shelves, for-lease signs and job layoffs point to recession by summer Stop the trade flow and you stop the economy -- as Americans are about to learn.
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Here's how Pinterest is mostly dodging the tariff bullet Pinterest reported first-quarter results and gave revenue guidance that was "worthy of a Friday rally."
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Bank of America's Hartnett, pessimistic about stocks entering the year, has these fears even as tariff war dissipates Michael Hartnett, the often-contrarian Bank of America investment strategist, has been vindicated by his prescient call in favor of bonds, international stocks and gold.
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Baffled by the Trump Tariffs, C.E.O.s Lean on the Word 'Uncertainty' With little ability to see how far the Trump administration is taking its disruptive policies, corporations and investors face higher risks, our columnist says.
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Trump Suggests Openness to Slashing China Tariffs Ahead of Trade Talks The president said reducing tariffs to 80 percent from the current 145 percent "sounds right," as U.S. and Chinese negotiators prepare to meet in Switzerland.
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X says India ordered it to block 8,000 accounts or face jail for local staff X says India told it to block 8,000 accounts or risk fines and jail for local employees. The company is complying but calls the move "censorship."
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Trump keeps talking about unilateral 'deals.' Some tariffs may go up, Goldman economist warns. Alec Phillips, Goldman's chief political economist, says markets are missing that the president has twice this week warned that the U.S. may impose tariff increases on some of its main trading partners.
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Panasonic to Cut 10,000 Jobs in Major Overhaul

The New York Times - 9 May 2025 13:02
Panasonic to Cut 10,000 Jobs in Major Overhaul The Japanese technology conglomerate plans to shed underperforming businesses and shift its focus to new areas of growth.
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Businesses are starting to label tariff costs on labels, receipts, and websites in order to retain trust and explain price hikes.
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Early signs of a stronger second quarter were giving investors hope.
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Trump's deal with Paul Weiss is throwing a wrench into his war on Big Law President Donald Trump's quick deal with Paul Weiss proves the orders targeting Big Law were never about national security, targeted firms say.
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On Kendrick Lamar and SZA's tour, hating Drake is still a rallying cry Kendrick Lamar performed Drake diss tracks "Euphoria" and "Not Like Us" on the Grand National Tour with SZA, keeping his beef with Drake alive.
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Will There Be A 'Blood Of Zeus' Season 4 On Netflix? The animated adventure series "Blood of Zeus" returned to Netflix this week for Season 3. Is another season on the way?
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Golden parachute? Ex-Wells Fargo exec sues Fed over pay

American Banker - 9 May 2025 23:26
Golden parachute? Ex-Wells Fargo exec sues Fed over pay Jim Richards, who served as the bank's head of anti-money-laundering compliance, says the Federal Reserve is wrongfully denying him compensation that was designed to keep him employed at Wells Fargo.
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Rafael Devers And The Boston Red Sox Are In A Defensive Standoff The Boston Red Sox have two All-Star third basemen, which is one too many. Rafael Devers turned down at a move to first base, presenting a problem for the franchise.
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'Balkan beauty' hedge funder known for steamy bikini selfies banned from US over immigration 'lies': sources The glamorous banker admitted she had been illicitly working in her $13,000-a-month job for her Miami Beach-based firm.
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Tom Green Leaving KUSA in Denver After More than 40 Years in Broadcasting He started his Denver career in 1982 after working at ESPN in Bristol, Connecticut.
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